LNG-imports

The presence of US companies in Bangladesh’s energy sector is nothing new. However, their involvement appears to have gained a new dimension in recent times. From exploring and producing gas underground to searching for oil and gas beneath the seabed, importing liquefied natural gas (LNG), operating floating terminals and securing long-term energy supplies, US companies are becoming involved in almost every major segment of the country’s energy sector. The US multinational company Chevron...

Bangladesh has unveiled plans to expand its LNG supply infrastructure to ensure energy security amid volatility in the global energy market and supply disruptions. As part of the plan, the country aims to commission another floating LNG terminal (FSRU) in Maheshkhali with a capacity of 600 million cubic feet per day (MMCFD) by 2028 and a land-based terminal in Matarbari with a capacity of 1,000 MMCFD by 2030. State Minister for Power, Energy and Mineral Resources Anindya Islam Amit disclo...

Prime Minister Tarique Rahman has blamed the previous government for the country’s current energy crisis. He said the current government is implementing an integrated plan to overcome the crisis. The prime minister spoke about the issue during the question-and-answer session in Parliament on Wednesday against the backdrop of the ongoing energy crisis and the resulting electricity crisis, according to BSS. The question was asked by female lawmaker Selina Sultana. Explaining the causes of t...

A decade ago, Bangladesh produced about 2.75 billion cubic feet of natural gas a day. That figure has now fallen to 1.65 billion cubic feet. Years of neglect in exploring new gas fields and rehabilitating existing ones have steadily reduced domestic production. At the same time, imports of costly liquefied natural gas (LNG) have increased. As a result, subsidies and gas prices have both risen. Yet the gas crisis has become even more severe. Meanwhile, gas theft and wastage continue unabate...